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REVIEW SHEET FOR EXAM1

REVIEW SHEET FOR EXAM1 -...

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REVIEW SHEET FOR EXAM # 1 on Wednesday Feb. 10     th     in our regular       classroom during the regular class period ********“Don’t forget to bring a # 2 pencil, an eraser, an ID (Student ID, driver’s license, or any government issued ID) and a non-programmable, non-graphical calculator”******** Be prepared to answer 40 multiple choice questions about some of the topics below: Make sure you understand the lecture notes, old exams, and current/old quizzes (Even though questions from old exams will rarely be repeated, I believe that this is an important resource since it helps you narrow down the material to the concepts which I feel are important). You do not need to know the lyrics of the business cycle hump song by-heart, but please understand the concept. Everything else on the online quizzes that you took is also fair game on the exam. However, your exam will only include the material that has been covered in class & on your quizzes by Monday. Any material that was not covered in class but included in your text or otherwise will not be on the exam INTRODUCTION Definitions and examples of: (i) Micro/Macroeconomics (ii) E conomics/economy (definition) (iii) Resources/factors of production/inputs into the production process-what are they and what do we need them for?
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